The tv has an error code thats its way of telling you there is something wrong so it shuts itself down to protect itself. I would have it looked at or call philips and they can tell you what that means. hope that helps.

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The Student Room
Mar 12, 2012 - 12 posts - ‎7 authors
i got a new tv in january from argos and not had a problem with it until now. The problem is that it just stays on standby and wont turn on. the ...

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https://www.youtube.com/watch?v=OKklZpTGBGU
Apr 27, 2014 - Uploaded by Keith Fox
Hello my bush 22 inch tv is messed up Say if i go on it one day it..... it wont turn on from the power botton on the back not from the control ...

turn tv on picture comes up 2to3 seconds later tv blacks out then stand by red light flashes 4 times in a row repeatedly..can not turn on or off when stand by light starts flashing but before tv blacks out you can turn tv on and off repeatedly and picture and sound work.You have to unplug power cord for 30 seconds after stand by light comes on to get tv to turn on.

I just started having this problem myself.
Try unplugging the TV for 5 minutes, plug it back in and turn it on. This worked for me and so far it's still working.
Someone said this is a "cold reset" and works for a number of problems.

I had the same problem with my new TH-50PX60B. I turned the tele on then after 5seconds it would switch off. The standby light would then blink on and off 11 times, pause for a second then flash 11 times. This would continue until the power wasturned off. Note the TV would not turn on for more than 5 seconds.
I solved this problem by turning the tele on and checking the fans at the back. My tele had 3 fans. If one of the fans is not turning, this will be the cause of the problem and the tele will shut down under the Emergency Shutdown System. To clear the fan try blowing on it to free up any dust etc. If that still doesn't work try using a thin instrument (tie wrap etc) to manually turn the fan and free it. Then power off the tele and turn it back on. The tv should work perfectly.